Flannery Farms in Bloomsburg, PA produces wheat and it competes in a perfectly competitive market. Flannery Farms is considered to be the average firm in this market and it is experiencing economic losses. This is a signal that ... Multiple Choice O The WHAT to produce question is being answered efficiently. O The goods and services that society is giving up (the opportunity cost) are more valuable than the wheat being produced. O Society's scarce resources are being used in the best way. O Not enough firms are producing wheat (assuming that the market is perfectly competitive)